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Bitcoin Mining Rig Manufacturer Canaan Argues Against Chinese Crackdown

Major Chinese bitcoin mining rig manufacturer Canaan has argued against China ‘s recent regulatory crackdown on the industry. Representatives of major Chinese bitcoin mining rig maker Canaan Inc. have argued that the industry diminishes energy waste, helps create jobs and nourishes the local economy, as China has been recently cracking down on the practice. “For-profit […]

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Craig Wright Wins Approval to Serve Copyright Lawsuit against Bitcoin.org

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Why You Shouldn't Hedge Against Bitcoin With Stocks

Measuring assets’ value in terms of time can help us understand why Bitcoin’s potential upside is so much greater than that of stocks. Written April 11, 2021 Why would someone go all in on bitcoin as opposed to diversifying into other asset classes, particularly stocks? Why not hold an index tracking fund like the S&P […]

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Prepare For Liftoff: Bitcoin Loses Bear Market Trendline Against Altcoins

Aside from a few rare outliers, over the last several years, owning Bitcoin has been the better investment compared to other cryptocurrencies. Altcoins like Ethereum and others have only recently caught up, and BTC dominance has maintained the lion’s share of the crypto market cap. However, dominance has lost an important trendline dating back four […]

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Uber Stock Down 2% in Pre-market, Company Loses Case against Drivers

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Bitcoin: A Hedge Against The Dystopian Present

In a recent interview with Bloomberg, when asked about the potential of Bitcoin, Kenneth Rogoff, an economist and Harvard faculty member, conceded that the cryptocurrency has a future…. but only if the future is “dystopian” in nature. But what if the dystopian future is already here? Without wishing to engage in linguistic inflation, let us […]

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Ethereum Pushes Against Key Resistance as Chart Shows Signs of “Strong Bid”

Ethereum has been largely tracking Bitcoin’s price action as of late, but its swings have been far more tempered as it hovers within the $1,300 region The cryptocurrency has been showing some signs of strength, with bulls ardently absorbing all the intense sell pressure it has faced in recent times This indicates that there’s a […]

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Whales And Miners Face Off Against Elon Musk Bitcoin FOMO, Robinhood Retail

Over the last few days, whales and miners have been depositing the largest amount of Bitcoin this year, yet despite all the selling, price is soaring. The reason? Elon Musk has changed his Twitter bio to include the cryptocurrency’s hashtag and it has ignited a flood of FOMO from retail Robinhood traders seeking free markets. […]

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Class Action Filed Against Listed Bitcoin Miner Bit Digital Over Fraud Allegations

Defendants allege the mining company made false and/or misleading statements and failed to disclose the true extent of its mining operations.

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Chamath Palihapitiya sees Bitcoin as insurance against uncertainty

“The fabric of society is frayed,” said the former Facebook exec. Bitcoin’s (BTC) price has risen dramatically over the past days and weeks, recently wheeling past $40,000. An asset largely untied to governmental authority, Bitcoin is a hedge against global uncertainty, according to venture capitalist and billionaire Chamath Palihapitiya. Citing a possible five or 10-year […]

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Major Crypto Firms Kick Against New FinCEN Regulations on Cryptocurrency Transactions

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Bitcoin Hits $30K and Records All-Time High Price against Gold

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2020 Pitted Bitcoin Against The Great Reset

2020 was unforgettable, especially for Bitcoin. To help memorialize this year for our readers, we asked our network of contributors to reflect on Bitcoin’s price action, technological development, community growth and more in 2020, and to reflect on what all of this might mean for 2021. These writers responded with a collection of thoughtful and […]

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Ethereum vs. Bitcoin: Do or die as Ether price drops to a critical level against BTC

Ether price weakness in its Bitcoin pair is bad news for altcoins if ETH doesn’t bounce soon. It’s been all about Bitcoin (BTC) in recent months with altcoins suffering as a result and BTC dominance reaching a new local high of 67.5% over the past few days. However, a reversal typically occurs once altcoins start […]

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Sierra Club leads lawsuit against NY town to prevent expanding Bitcoin mining operations

The lawsuit alleges Greenidge circumvented state laws by seeking regulatory approval “through two separate but interdependent approval applications.” Several organizations have filed a lawsuit against the U.S. town of Torrey, New York for approving a plan to expand a Bitcoin (BTC) mining facility near one of the Finger Lakes. In court documents filed on Thursday […]

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Bitcoin Just “Won the Game” Against Other Assets; Here’s What’s Next

It has been a wild past few days and weeks for Bitcoin and the entire crypto market The benchmark digital asset’s price has gone parabolic, rallying from recent lows of $17,600 to highs of $23,700 Although it faced a rejection at these highs, its outlook is still incredibly bullish and it has recovered most of […]

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Ethereum Prints Pivotal Reversal Against Bitcoin Amid ETH2 Rollout

Ethereum strongly underperformed Bitcoin during BTC’s move to $16,000. In fact, for most of the rally from $13,000 to $16,000, ETH was trading for $380-400, failing to break higher. But after BTC has begun to consolidate, ETH has finally started to break higher. Ethereum currently trades for $440, up 10% in the past 24 hours […]

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Ethereum Reaches Bedrock Support Against BTC as Sellers Run Out of Fuel

Ethereum is in the process of trying to reclaim its key $380 support level following a brief dip below it earlier today. The cryptocurrency has been struggling to gain any momentum despite the intense strength seen by Bitcoin as of late, which is currently grinding up towards its key resistance at $13,800 as buyers maintain […]

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Gold ‘breaking down’ against Bitcoin is highly bullish for BTC — Analyst

Real Vision Group CEO Raoul Pal says gold is “breaking down” against Bitcoin, a signal that the bullish case for BTC continues to strengthen. Earlier this week, Bitcoin (BTC) advocate and Real Vision CEO Raoul Pal said gold is breaking down against BTC. If the dominant cryptocurrency continues to gain momentum against BTC, it could strengthen its […]

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TD Buy Trigger Could Cause XRP To Rip Against Bitcoin

Bitcoin has recently been picking up steam, stealing some of the capital and thunder from the DeFi trend and Ethereum. XRP, however, continues to lag behind both top crypto assets and linger sideways. According to the Bitcoin trading pair, however, Ripple could soon rip against the leading cryptocurrency by market cap and catch up against […]

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Analyst: Altcoins Will “Rage Dump” Against Bitcoin as Momentum Pauses

Altcoins have strongly outperformed Bitcoin over recent weeks, with some gaining dozens of percent as BTC has flatlined in the low-$9,000s. Analysts expect altcoins to soon underperform BTC as bullish momentum in the altcoin market peters out. The drop has already begun, with some of the altcoin market’s hottest properties, so to say, posting poor […]

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Last Time This Signal Appeared, XRP Dove 35% Against Bitcoin. It’s Back

Like other altcoins, XRP has rallied against Bitcoin over the past few days. While the leading cryptocurrency has stalled in the low-$9,000s, XRP has begun to push past the psychological resistance of $0.20. Even after BTC retraced by 3% from its local highs, the altcoin remains above $0.20. Some believe that this breakout is a […]

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This Leading Altcoin Only Has 8% Chance of Further Decline Against Bitcoin

Altcoins have been absolutely dominated by Bitcoin over the last several years of crypto bear market. While the first-ever cryptocurrency has reached nearly 50% of its former all-time high, most altcoins remained down 90% or more. However, based on probabilities alone, an altcoin recovery that brings the assets more on par with Bitcoin may be […]

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